Should I Pay an Credit Card Debt That Is 12 Years Old and now Owned by a Collection Agency?

no time has ran out for them to collect have should have done something before now

1. How do I get the collection agency to send a settlement letter dated for another day instead of today?

DO NOT agree to anything over the phone or by fax. You need an original letter sent to your home address that is dated for the date you are actually making the payment. If you sign with today's date and do not pay, then you will be in breach of contract and whatever you signed is void.

2. Will it affect my credit score if I've been through a collection agency but paid right away?

Some agencies do give a grace period to give you the chance to pay it before reporting it to your CBR, however if there is no grace period or if the grace period has expired then it will report and negatively affect your score. Once it hits your CBR it will remain on there for 7 years from the date of service, since you paid it it will show paid, which helps and with time will affect your CBR little if at all.. If the coll agcy told you that it would not report to your CBR then it probably wo not . I would definately make sure if you do not recieve that letter within the week that you call and make sure it was sent, proof is always good to have.. They do make mistakes and this will make it alot easier to get removed or corrected.. hope this helps

3. How do you get a collection agency off the credit report?

Are all these debts due to come off in or around October or any time soon after that? If yes, then do not do anything. Wait until the time for the original debt to drop off. Since the company that originally owned the receivable is still reporting it as a debt owed to them then, legally, the collection agency cannot also claim to own the receivable. So as long as both are showing up on your credit report wait for the original would ropoff' date to pass and then you do not have to pay any of them anything. That is the time at which you should highlight that the collections entries were erroneous duplications of the original debt. What the above poster stated is incorrect. The unpaid debts that you owe may linger in the creditor's databse forever, but the credit bureaus CANNOT keep them in your file beyond 7 years. There is a federal law known as the Fair Credit Reporting Act that strictly forbids the credit bureaus from doing this, and the only exception is if you declare bankruptcy, in which case they can keep the negative information on your credit file for as long as 10 years. If they do not remove the information after the 7 year period has passed, you can sue them and you will win. Its their screw-up so let them eat it.

4. Does being reported to a collection agency make your credit go down?

All collections lower your score, sorry

5. can a debt collection agency find him (anon) even though he's changed name, address and bank accounts?

I have a radical thought... how about paying the bill and be over with it?

6. What should I do when a collection agency tries to take my house from me for a $3000 debt? Is that legal?

Get an attorney and get one yesterday if you want to save this house.*

7. I have a defaulted student loan and have made a pay agreement with the collection agency?

The loan wil not be rehablitated without the paper signed., DO you know how many people call me pissed off because their loan is still in default after paying for years and years all because they did not sign the form? They will also reduce your collectin costs down from the 25% (average) down to 18.5% of the balance. In the end you save a ton of $ and clean your credit.

8. How do you market a debt collection agency?

Market in what fashion? A marketing strategy centers on your customer and the value you offer versus other alternatives. That's specific to your business.If you're referring to marcom, I have no experience other than as a customer. I can't recall the selection process but I suspect, like most SMBs, I Googled them, perused a few results, and asked for information. I also use in-house collection teams, so content with tips and benchmarks would be valuable and keep your firm top of mind.A referral from an accounting firm would carry weight.Collections specific to subscriptions, and dealing with the conflict of a business generating ill will via collections that can easily damage a firms online reputation, are topics I'd imagine are good marketing hooks.

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How Do I Take a Company to Small Claims Court After It Has Gone to a Collection Agency?
Yes, you absolutely can take them to court--and win, too, if you can show that their information is UNsupported. It would cost the collection agency far more money to defend this type of action than to just settle, but even if they are hard asses, take them to court anyway. The damages, however, would have to based on any financial loss you have experienced due to their failure to instruct the credit reporting agencies to remove their derogatory information. Contrary to popular misinformation, you can also sue T-Mobile as well as the credit reporting agencies for the same reasons. Just look up what happened to Trans Union time and again. But it will initially cost you time and money.1. How debt collection agency from India can collect debt in Dubai?They can't unless they have agents in dubai. Here's a great article about collecting dubai debt in the uk which gives information about the cross jurisdictions but also will point you in the right direction if the debtor has returned to india with an outstanding debt owing from their time in Dubai or the UAE2. Can a collection agency file a 1099 on a debt that is past the statute of limitations?yeah i think it's either seven ot ten years, your debt was sold to a collectiona agency and they are threatenting you.3. Please Help! Collection Agency Won't Take Off Charge When I have Proof That It Isn't Mine!?You should take a legal action and hire a lawyer or attorney. He can fix your problem in better way4. What happens when you don't pay full amount to collection agency?All that would happen is the credit agency will send it back to American Express..then they will sell it to another credit agency. They try to threaten you in any way possible. .they want their commision. Pay it off when you can. ..lots of times credit agencies will allow you to settle the debt for much less than you owe. DO NOT TAKE OUT A LOAN5. Collection agency's pay for delete e-mail sent to me?Your fine on this one! I've received one of these letters from AFNI Credit Collections and RJM Collection agency when I demanded something in writing from them in return for full payment. Some will tell you that you have to get it in writing in the mail from an authorized agent of the company but seriously, they are not going to do that. I listened to people on here who swear that they wo not take it off but when your on the phone with the collections agency, they wo not do it. If you get testy they will send you and email out of fear that they are going to lose the commission so you pay and will probably get something in the mail within 10days for your permanent record. I did not have any problems with the credit bureaus taking it off my credit before I even asked them to, the companies kept their word. I say go for it!6. Collection Agency wont send a letter saying they will report as paid in full?No, i got trapped before by paying certain percentage they said, but the remain amount is still in my record, not even better than i did not pay anything. They are not gonna do things nice to you. It is just a thousand dollar, unless you pay it off, otherwise do not bother to pay any penny to them. that will be end up the same even thought you pay half of it. This is obviously a trap. They will come back for another part. Or you really wanna clear it up, go to the creidt union, show debt counsleor the statement the collection agency sent you, and ask for advice.7. What is the most inappropriate experience you had with a debt collection agency?I had an Amex charge card that I had never used. We had a cruise coming up and Amex was a great travel card so I decided to use the card, not realizing that it had to be paid off on 30 days. This was no credit card. So when I returned from vacation I found that Amex had sent my account to a collection agency. The agency was polite enough. They called me up and advised if I paid off the account within a certain period of time, any interest charges would be waived. Of course they lied. I paid off the account only to have them call back in a not so polite way and demand interest charges. I reminded them that the call had been recorded. They laughed and a "so what, you still owe it" response came out of her mouth. So I paid the interest, and vowed never to own Amex again. It took me awhile, but I managed to get my credit card rating back to where it was before they threw me under the bus. Lying collection agencies. My fault, not theirs, for being so trusting
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